Can I retire at age 51 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$51,199$50,743$50,298$49,864$49,440$49,149
2 years$25,346$24,874$24,417$23,973$23,543$23,249
3 years$16,730$16,255$15,799$15,360$14,936$14,649
4 years$12,422$11,949$11,498$11,066$10,653$10,374
5 years$9,838$9,369$8,923$8,500$8,098$7,829
6 years$8,116$7,650$7,211$6,797$6,408$6,149
7 years$6,887$6,425$5,992$5,588$5,211$4,962
8 years$5,965$5,507$5,082$4,688$4,323$4,084
9 years$5,249$4,795$4,377$3,993$3,641$3,412
10 years$4,676$4,226$3,816$3,442$3,102$2,883
11 years$4,207$3,763$3,360$2,996$2,668$2,459
12 years$3,817$3,377$2,982$2,628$2,312$2,112
13 years$3,488$3,052$2,664$2,320$2,016$1,826
14 years$3,205$2,774$2,393$2,059$1,767$1,586
15 years$2,961$2,534$2,161$1,836$1,556$1,383
16 years$2,747$2,325$1,959$1,644$1,375$1,211
17 years$2,558$2,141$1,783$1,477$1,219$1,064
18 years$2,391$1,979$1,627$1,331$1,084$937
19 years$2,242$1,834$1,490$1,203$966$827
20 years$2,107$1,704$1,367$1,090$863$731
21 years$1,986$1,587$1,258$989$772$648
22 years$1,875$1,482$1,159$899$692$575
23 years$1,775$1,386$1,070$819$622$510
24 years$1,683$1,298$990$747$559$454
25 years$1,598$1,218$917$682$503$404
26 years$1,521$1,145$850$624$453$360
27 years$1,449$1,078$790$571$408$321
28 years$1,382$1,016$734$523$368$287
29 years$1,320$958$683$480$333$256
30 years$1,262$905$636$440$301$229
31 years$1,208$855$593$404$272$204
32 years$1,158$809$553$372$246$183
33 years$1,110$766$517$342$222$164
34 years$1,066$726$483$314$201$146
35 years$1,024$689$451$289$182$131
36 years$985$654$422$267$165$117
37 years$948$621$395$246$150$105
38 years$912$590$370$226$136$94
39 years$879$561$347$209$123$84
40 years$848$534$325$192$112$76
41 years$818$508$305$178$101$68
42 years$789$484$286$164$92$61
43 years$762$461$268$151$83$55
44 years$737$440$252$140$76$49
45 years$712$419$236$129$69$44
46 years$689$400$222$119$62$39
47 years$667$382$209$110$57$35
48 years$645$364$196$102$51$32
49 years$625$348$184$94$47$28
50 years$605$332$173$87$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $620,000, adding $3,022 every year, while hoping to spend $42,058 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/13/18 Blend
50$620,000$620,000$620,000$620,000
51$686,357$653,497$643,887$730,534
52$711,616$640,769$620,708$747,655
53$738,042$626,008$595,343$761,134
54$765,709$609,069$567,674$774,835
55$794,699$589,801$537,578$788,776
56$825,098$568,041$504,927$802,977
57$857,003$543,620$469,586$817,464
58$890,515$516,355$431,416$832,264
59$925,748$486,057$390,269$847,408
60$962,824$452,523$345,992$862,935
61$1,001,874$415,539$298,425$878,885
62$1,043,044$374,879$247,401$895,308
63$1,086,492$330,305$192,746$912,257
64$1,132,388$281,564$134,277$929,796
65$1,180,920$228,390$71,804$947,995
66$1,232,294$170,500$5,129$966,935
67$1,286,731$107,598$0$986,706
68$1,344,476$39,369$0$1,020,093
69$1,405,796$0$0$1,056,404
70$1,470,983$0$0$1,099,766
71$1,540,355$0$0$1,151,925
72$1,614,262$0$0$1,207,514
73$1,693,086$0$0$1,266,822
74$1,777,247$0$0$1,330,168
75$1,867,203$0$0$1,397,901
76$1,963,458$0$0$1,470,402
77$2,066,564$0$0$1,548,091
78$2,177,126$0$0$1,631,426
79$2,295,808$0$0$1,720,913
80$2,423,339$0$0$1,817,105
81$2,560,519$0$0$1,920,609
82$2,708,227$0$0$2,032,093
83$2,867,426$0$0$2,152,288
84$3,039,177$0$0$2,282,001
85$3,224,644$0$0$2,422,115
86$3,425,105$0$0$2,573,602
87$3,641,968$0$0$2,737,530
88$3,876,776$0$0$2,915,074
89$4,131,231$0$0$3,107,524
90$4,407,198$0$0$3,316,300
91$4,706,734$0$0$3,542,964
92$5,032,097$0$0$3,789,231
93$5,385,774$0$0$4,056,992
94$5,770,498$0$0$4,348,324
95$6,189,278$0$0$4,665,514
96$6,645,425$0$0$5,011,077
97$7,142,582$0$0$5,387,783
98$7,684,757$0$0$5,798,678
99$8,276,364$0$0$6,247,117
100$8,922,258$0$0$6,736,792